Filed November 9, 2017
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Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $63,915 | $55,684+14.8% | $75,900-15.8% | $72,976-12.4% |
| Participation rate | 83.0% | 61.1%+21.9pp | 69.3%+13.7pp | 69.5%+13.5pp |
| Annual return | 21.07% | 27.60%-6.5pp | 30.73%-9.7pp | 81.02%-59.9pp |
| Employer contribution / active EE | $2,359 | $1,687+39.9% | $2,501-5.7% | $2,440-3.3% |
| Participant deferral / active EE | $4,466 | $2,634+69.6% | $3,604+23.9% | $3,608+23.8% |
| Admin fee / account holder | $2,604 | $3,981-34.6% | $5,421-52.0% | $5,124-49.2% |